215
215
Dec 6, 2012
12/12
by
CNBC
tv
eye 215
favorite 0
quote 0
. >> scott, let me ask you again how you want to allocate capital then in that environment. i know george young is with us again, joining the conversation. i want to ask you the same question. go ahead, scott. how are you investing right now? >> maria, i think the best way forward is the way it's worked since the bottom of the market in 2009. risk assets are where it's at. the fed is very supportive. the consumer is back and engaged. housing is getting better. the fiscal cliff is actually constructive from the standpoint it causes people to come together and compromise because going over the cliff while we may do it for a short time period is not beneficial to anybody. it hurts everybody. >> so risk assets being, what, technology? what does that mean, technology? >> not necessarily. we would stay with dividend payers. we would also dip our toe into europe into some very high-quality, multicountry stocks there. mostly on consumer discretionary stocks as well. >> george, we haven't forgotten you yet. scott, i have a question for you. just noticed today france and germany's sto
. >> scott, let me ask you again how you want to allocate capital then in that environment. i know george young is with us again, joining the conversation. i want to ask you the same question. go ahead, scott. how are you investing right now? >> maria, i think the best way forward is the way it's worked since the bottom of the market in 2009. risk assets are where it's at. the fed is very supportive. the consumer is back and engaged. housing is getting better. the fiscal cliff is...
111
111
Dec 7, 2012
12/12
by
CNBC
tv
eye 111
favorite 0
quote 0
when you look at the environment you can fully understand it. i love the skpaks. >> take a look at yum!. yum!'s u.s. sales has grown. the dollar menu is back. don't confuse higher sales against some very, very reports and we've got a low bar with profitability. it won't be there. >> profitability comes from breakfast. they're killing them in china. >> i'm going to look at the valuation for me growing too slow. >> it will be over 100 bucks six months from now. >> if the market's up. >> you guys have made compelling cases. let's send it over to our jury, if you would. dr. j., who made the more compelling argument. >> well, okay, so i'm the guy that cuts the baby in half, then, judge, because i do think stephen's made good arguments but i've got to go with pete. there's no hard landing at all with china. >> shouldn't be recused from this? >> like pete says, this is going to be higher six months from this. >> let's take the fellow g gargantuga gargantuan brother out of it. pete is right. we understand the macro challenge is challenging. what did the
when you look at the environment you can fully understand it. i love the skpaks. >> take a look at yum!. yum!'s u.s. sales has grown. the dollar menu is back. don't confuse higher sales against some very, very reports and we've got a low bar with profitability. it won't be there. >> profitability comes from breakfast. they're killing them in china. >> i'm going to look at the valuation for me growing too slow. >> it will be over 100 bucks six months from now. >> if...
345
345
Dec 10, 2012
12/12
by
CNBC
tv
eye 345
favorite 0
quote 0
and women are very comfortable in that environment. and really like the fact that they are now in control of the negotiation rather than the old scheme where they have to come into the dealership and jump through the hoops. >> i'm very optimistic that a transformation is underway. much more customer friendly. >> good to talk with you, thanks so much. >> i'll see you soon. up next, the woman behind the king. tony winning lion king director julily taymor. >> you've seen it how many times? i've seen it hundreds. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. if we wantour schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing i
and women are very comfortable in that environment. and really like the fact that they are now in control of the negotiation rather than the old scheme where they have to come into the dealership and jump through the hoops. >> i'm very optimistic that a transformation is underway. much more customer friendly. >> good to talk with you, thanks so much. >> i'll see you soon. up next, the woman behind the king. tony winning lion king director julily taymor. >> you've seen it...
203
203
Dec 7, 2012
12/12
by
CNBC
tv
eye 203
favorite 0
quote 0
name what they are and will they be able to perform regardless of the macro environment? >> all right. we are focused on. companies that can grow regardless of what happens in the economy. three stocks we like, one is denbury resources. what's interesting about them is they have hedged their forward sales of oil so the lowest they're going to receive is $80 next year. at those rates, they're going to be a very profitable company. it's a very inexpensive stock. we like that. it's a u.s. oil producer as well. we like that. link linkedin, we think attracted as much attention as it should. they're executing very well in the professional business social networking sense. in particular, head hunters across the globe. this is now the method of head hunting. finally, an enterprise software design company used in making semiconductor chips. we see them as providing a very stable and growing play on technology without necessarily having to pick, you know, end winners. >> got it. >> thank you. >> very good, guys. thank you all for joining us today. rick, good luck with the reapprais
name what they are and will they be able to perform regardless of the macro environment? >> all right. we are focused on. companies that can grow regardless of what happens in the economy. three stocks we like, one is denbury resources. what's interesting about them is they have hedged their forward sales of oil so the lowest they're going to receive is $80 next year. at those rates, they're going to be a very profitable company. it's a very inexpensive stock. we like that. it's a u.s....
199
199
Dec 3, 2012
12/12
by
CNBC
tv
eye 199
favorite 0
quote 0
who would say no to that in this environment of rock bottom days. is it possible to make money in these companies after dividends are announced? our money pros give you strategies for dividend payers. does the defense industry have any defense if we go over the fiscal cliff and it's starved of billions of dollars in contracts or are massive job cuts unavoidable and on the horizon? then that millionaire next door, he may no longer be a millionaire, or she f we go over the fiscal cliff. our wealth editor robert frank tal lis up the casualties coming up. you're watching "closing bell" on cnbc. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together
who would say no to that in this environment of rock bottom days. is it possible to make money in these companies after dividends are announced? our money pros give you strategies for dividend payers. does the defense industry have any defense if we go over the fiscal cliff and it's starved of billions of dollars in contracts or are massive job cuts unavoidable and on the horizon? then that millionaire next door, he may no longer be a millionaire, or she f we go over the fiscal cliff. our...
170
170
Dec 5, 2012
12/12
by
CNBC
tv
eye 170
favorite 0
quote 0
this environment is -- i think the pendulum has swung the other way. i think it puts a really big stronghold on the potential for growth going forward. at least in the short term with these banks. >> favorite financial. >> well, right now i would actually say regents financial. i think it has a lot of upside. it has the southeast leverage and credit recovery. i think hopefully we'll get a modest buyback. i think the stock actually is something that could go up another 30, 40% without a lot of trouble. >> and march is when the banks have to put their plan forward. >> the plan is being put forward now. they're getting two shots at it, much better than last year where they simply rejected plans. this year, if the plans are rejected, they get to resubmit. this year i think the banks will be conservative. >> see if citigroup makes the cut this time. favorite regional? >> sun trust banks. i like it a lot. plays into this regional play with the housing recover write rates low. >> okay. good. thank you, both, for joining us. >>> we're starting to lose altitude
this environment is -- i think the pendulum has swung the other way. i think it puts a really big stronghold on the potential for growth going forward. at least in the short term with these banks. >> favorite financial. >> well, right now i would actually say regents financial. i think it has a lot of upside. it has the southeast leverage and credit recovery. i think hopefully we'll get a modest buyback. i think the stock actually is something that could go up another 30, 40%...
110
110
Dec 3, 2012
12/12
by
CNBC
tv
eye 110
favorite 0
quote 0
competitive environment is different. in fact more favorable. so i think when you net all that out there's growth opportunities. >> of course in the last conference call you talked about the best companies in your industry generate as much as $450 million of cash flow or ev ebita. is it reasonable to expect you could get to that high a number? >> you don't have to if you create value. $450,000 per home past her year of ebita coming out of the best cable operators and charter is actually at the lowest end of that scale. so the up-front or up side that we have is bigger than anyone else's. but i think the whole industry has room to grow so i don't -- >> you still think the industry -- even though video subs are not growing anymore. zp video subs are not growing but they're stabilizing. data and voice is growing and i think video can grow again. the industry was stuck in an analog world and had to make a transition and it is not fully complete yet. but as these cable companies become all digital, a lot of spectrum is freed up so the capacity of the
competitive environment is different. in fact more favorable. so i think when you net all that out there's growth opportunities. >> of course in the last conference call you talked about the best companies in your industry generate as much as $450 million of cash flow or ev ebita. is it reasonable to expect you could get to that high a number? >> you don't have to if you create value. $450,000 per home past her year of ebita coming out of the best cable operators and charter is...
152
152
Dec 3, 2012
12/12
by
CNBC
tv
eye 152
favorite 0
quote 0
to the video environment. over the top scared everybody for a long time. there's a lot of questions. what was netflix going to do to its business model? how was content going to be monetized. with the tv everywhere infrastructure coming together, companies are more comfortable about how the world looks going forward. that's one of the big things holding back m&a. ceos were worried about buying a company and then having the world shift under their feet. a lot of those outlines are in place for doing more deals. >> right. in this world regardless of whether it's just a broad band connection or not, you say they will figure out a way to get paid. >> exactly. if you look at over the top distribution, that's been another way for content providers to sell content. if anything, it's been a new customer for them. >> sam, we're going to leave it there. looking forward to seeing you later face to face. i'll interview tom rutledge who runs charter. u.s. media conference being held the first three days of this week, i bel
to the video environment. over the top scared everybody for a long time. there's a lot of questions. what was netflix going to do to its business model? how was content going to be monetized. with the tv everywhere infrastructure coming together, companies are more comfortable about how the world looks going forward. that's one of the big things holding back m&a. ceos were worried about buying a company and then having the world shift under their feet. a lot of those outlines are in place...
182
182
Dec 10, 2012
12/12
by
CNBC
tv
eye 182
favorite 0
quote 0
we're at a 0% interest rate environment until 2013. and after, they will still be at that point. >> the reason i ask. wednesday they've got the new announcement. operation twist which has kept rates low. >> and they'll probably extend. >> you think they'll extend that. will the market respond though? >> i think that allows the market then to price what's going to happen on the fiscal side. fiscal tightening, there's a responsibility. in europe they're trying to shrink their way into growth. i don't think that's going to work. in the united states we have to have short-term balance stimulus and longer term very controlled ratcheted down austerity. if that does happen, you could set the backdrop for a solid economy. >> what would you buy here right now? >> the discussions we're having with our clients is that they shouldn't be taking any more credit risks than they're comfortable with. everything can change very quickly if the politicians fail to come up with a responsible solution to this. foremost, you shouldn't be taking excess credit
we're at a 0% interest rate environment until 2013. and after, they will still be at that point. >> the reason i ask. wednesday they've got the new announcement. operation twist which has kept rates low. >> and they'll probably extend. >> you think they'll extend that. will the market respond though? >> i think that allows the market then to price what's going to happen on the fiscal side. fiscal tightening, there's a responsibility. in europe they're trying to shrink...
98
98
Dec 7, 2012
12/12
by
CNBC
tv
eye 98
favorite 0
quote 1
. >> all of these are stocks you would choose in a rainy environment, a sunshine environment, they're going to weather it out? >> for right now they absolutely are. i absolute hold these in my personal and client portfolios as well. >> main street capital, western digital, lukoil and ross stores. you're on the record. >>> we're going to list the stocks that have made it out of the middle market and into the big leagues. >>> and what should and shouldn't companies post on social media? the man who's posted things he probably shouldn't have himself. you know what i'm talking about, howard. r ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's
. >> all of these are stocks you would choose in a rainy environment, a sunshine environment, they're going to weather it out? >> for right now they absolutely are. i absolute hold these in my personal and client portfolios as well. >> main street capital, western digital, lukoil and ross stores. you're on the record. >>> we're going to list the stocks that have made it out of the middle market and into the big leagues. >>> and what should and shouldn't...
70
70
Dec 10, 2012
12/12
by
CNBC
tv
eye 70
favorite 0
quote 0
i think what we are doing is consolidating and moving towards a smaller environment. i think we have smaller investors who can deliver returns. >> what do you mean by that? types of funtds they are investing in. >> that's correct. i will see many professionals from wall street leaving this side of the business. south side of the business and go to the buy side of the business. and expressing their invest many in the criteria. >> they have what kind of outcome or compromise or deal they might need. >> right. >> in some shape taxes will good up. how do investors prepare for that? >> the way investors prepare for that, most well healed investors have prepared for that and embarked on that strategy. that the problem with taxes going up. the people who can best deal with it are already dealing with it. many people are thinking about different opportunities. >> you've been spot on about a of the risks the last few years. what is the biggest risk to you right now? >> biggest risk rye out in -- >> well not personally but in the markets. >> well, we can talk about racing too.
i think what we are doing is consolidating and moving towards a smaller environment. i think we have smaller investors who can deliver returns. >> what do you mean by that? types of funtds they are investing in. >> that's correct. i will see many professionals from wall street leaving this side of the business. south side of the business and go to the buy side of the business. and expressing their invest many in the criteria. >> they have what kind of outcome or compromise or...
237
237
Dec 4, 2012
12/12
by
CNBC
tv
eye 237
favorite 0
quote 0
we're in a greatly diminished yield environment. people scramble for what they can. if you think yields are low know, a lot of investors think they could even go lower. it's unbelievable how low the yields are in the fixed income markets, but again, i think you're going to see compression with those types of stocks. i think what you're really going to see is dividend policies revisited contrary to the fact that from a tax point of view, folks are going to be basically less likely to buy dividend stocks because investors want income, and that's the only place they can get it. >> michael, we get a handf fufu companies every day declaring dividends. they're accelerating the payment to try to beat out the fiscal cliff. would you invest looking for companies like that right now? >> i think you're seeing the top of the dividend trade. i think if anything, what's going to end up happening is a focus back into cyclical sectors for 2013. you want the global trade. you don't want the domestic trade anymore. >> you're not going to be jumping on the bandwagon here just because c
we're in a greatly diminished yield environment. people scramble for what they can. if you think yields are low know, a lot of investors think they could even go lower. it's unbelievable how low the yields are in the fixed income markets, but again, i think you're going to see compression with those types of stocks. i think what you're really going to see is dividend policies revisited contrary to the fact that from a tax point of view, folks are going to be basically less likely to buy...
127
127
Dec 4, 2012
12/12
by
CNBC
tv
eye 127
favorite 0
quote 0
so in light of this new environment, we want to see whether my anointed growth stocks hold up. are the fundamentals still okay? i went over amazon, google, mastercard, visa and sherwin williams. i don't like google as much. now five more names to review and reexamine. next up is ulta salon. they got hit in mid october when the chief financial officer announced his sudden resignation. we never like that when the cfo resigns. that could be a sign that something could be really wrong with the financials. given that this particular cfo had been there less than two months, it probably was the case of him being the wrong guy for the job. last thursday ulta went on to report a terrific quarter. and the stock shot up seven points in the news. management indicated they're seeing a strong start to the holiday shopping season. the real story with ulta, and the reason it's been such a fabulous stock -- is that the company is growing like a weed, expanding all over america. they have 537 locations, ultimately they plan to double that. next year alone the company intends to open 125 new stor
so in light of this new environment, we want to see whether my anointed growth stocks hold up. are the fundamentals still okay? i went over amazon, google, mastercard, visa and sherwin williams. i don't like google as much. now five more names to review and reexamine. next up is ulta salon. they got hit in mid october when the chief financial officer announced his sudden resignation. we never like that when the cfo resigns. that could be a sign that something could be really wrong with the...
197
197
Dec 5, 2012
12/12
by
CNBC
tv
eye 197
favorite 0
quote 0
in this grim environment you can find sectors that are holding up better than you might think. poncy says the pull back in retail might be just the moment that you want to pull the trigger to this key sector index. wouldn't that be something? stay with cramer and we will be right back. >> coming up. something is brewing. starbucks has been serving up solid returns. but could concerns about its moving to tea mean it is time to layoff the caffeine or is this your chance to fill up your cup before the shares really get percolating? cramer is grinding through the facts next. >>> tomorrow we are going to hear from one of my favorite companies and it is starbucks. having its biennial analyst day. right now it is more than ten points off its high for the year. i think it could mark the beginning of the stock's next big rally. you can follow along at actionalertsplus.com. a service that i do with the street. tomorrow i expect a terrific story. i'll give you a preview. lots of people ask me how i would approach this meeting. if i were at my hedge fund which i retired from years ago. wha
in this grim environment you can find sectors that are holding up better than you might think. poncy says the pull back in retail might be just the moment that you want to pull the trigger to this key sector index. wouldn't that be something? stay with cramer and we will be right back. >> coming up. something is brewing. starbucks has been serving up solid returns. but could concerns about its moving to tea mean it is time to layoff the caffeine or is this your chance to fill up your cup...
170
170
Dec 3, 2012
12/12
by
CNBC
tv
eye 170
favorite 0
quote 0
we've seen how quickly facebook was able to adapt to the new mobile advertising environment, once google has seen that new rocketship, i see no reason why google should be any different. especially since google owns android. they need to figure out how to monetize it better. something the company is doing by releasing its own line of smartphones and tablets. google is sold out until after christmas. of the growth stocks, i got to admit i like google less than i did before the bad quarter if you're trying to figure out which of these stocks worries me the most, it's google, it's become a show-me situation. how about visa and master cad? both up decently since i recommended them in october. these are both plays in the worldwide switch from paper currency to plastic. visa and mastercard both reported strong quarters in october, they have healthy balance sheets. mastercard is winning new business all over the place. and visa announced a $1 billion buyback. even though visa has a new ceo, i'm a big fan of both stocks. i think they're both candidates to offer special dividends as the year unwi
we've seen how quickly facebook was able to adapt to the new mobile advertising environment, once google has seen that new rocketship, i see no reason why google should be any different. especially since google owns android. they need to figure out how to monetize it better. something the company is doing by releasing its own line of smartphones and tablets. google is sold out until after christmas. of the growth stocks, i got to admit i like google less than i did before the bad quarter if...
150
150
Dec 8, 2012
12/12
by
CNBC
tv
eye 150
favorite 0
quote 0
this bank could do really well in an environment of rising interest rates, but the fed has made it very clear that rates will stay low until at least 2015. so you know what? let's take a pass on that one. let's do some tweets. thank you, viewers, for making it so that i have more than 600,000 followers. thank you very much. happened just the other day. let's take our first tweet from @nfalex who says what's your take on -- it's the old part of kraft. the stock price has been trading down since the old spinoff. it drives me crazy when stephanie link and i buy for the charitable trust. the charitable trust follows stocks. you can follow along with actionalertsplus.com. and they don't immediately pop. this is the p.m. of philip morris when altria split. it's the fast-growing snacks business overseas, it's going to be great. now here's the problem. it acts terribly. so what you can say is therefore it's bad or you can do the homework like we did, recognize we've got a terrific restructuring, recognize it's going to have great growth, and you buy it and be a little patient. it is not going t
this bank could do really well in an environment of rising interest rates, but the fed has made it very clear that rates will stay low until at least 2015. so you know what? let's take a pass on that one. let's do some tweets. thank you, viewers, for making it so that i have more than 600,000 followers. thank you very much. happened just the other day. let's take our first tweet from @nfalex who says what's your take on -- it's the old part of kraft. the stock price has been trading down since...
206
206
Dec 4, 2012
12/12
by
CNBC
tv
eye 206
favorite 0
quote 0
and living environment. but on top of that, the great academic institutions we have. in 2010 over $2.5 billion expended in research for life science and biomedicine. over $1.2 billion in venture capital over the last few years. and we have made very significant investments in infrastructure particularly in novel new manufacturing for biomedical products, for advanced forms of testing that really attracts companies to texas. but that's on top of what is an absolute necessity and that is the business climate that the government and the leadership have generated. >> doctor, some of it is federal, right? some hhs stuff? how much is federal and how much is state in the partnership? >> well, we have very broad programs. i think what you were referring to is the state of texas led by a team by texas a&m university system was recently awarded a $285 million federal contract. >> yes. >> to have a center for advanced development and innovation. that's going to be located in texas. so, there is a significant financial
and living environment. but on top of that, the great academic institutions we have. in 2010 over $2.5 billion expended in research for life science and biomedicine. over $1.2 billion in venture capital over the last few years. and we have made very significant investments in infrastructure particularly in novel new manufacturing for biomedical products, for advanced forms of testing that really attracts companies to texas. but that's on top of what is an absolute necessity and that is the...
314
314
Dec 3, 2012
12/12
by
CNBC
tv
eye 314
favorite 0
quote 0
why, in this economic environment, would you open a hotel? >> well, i'll tell you right now that if i had any idea this-- i wouldn't, if i had a choice, but this project was started four years ago. these things have a huge lead time. >> the gambling industry has been battered by the recession and taken the city of las vegas down with it. some casinos stand half built. unemployment is over 10%. and while steve wynn has had to slash employees' pay and lower room prices, he plows ahead, doing whatever it takes to get customers to his new hotel. >> this is encore. [dramatic orchestral music] ♪ >> and, yes, he really was sitting on top of the building. >> next time, we do this in the lobby. >> the encore is connected to his other las vegas hotel, the wynn, and he has a third in macau, china. inside, his hotels are fantasy lands for well-heeled adults. he brought gourmet restaurants and high-end shopping to the strip. his hotels may be extravagant, but his business strategy is conservative. his company is not highly leveraged and has over $1 bill
why, in this economic environment, would you open a hotel? >> well, i'll tell you right now that if i had any idea this-- i wouldn't, if i had a choice, but this project was started four years ago. these things have a huge lead time. >> the gambling industry has been battered by the recession and taken the city of las vegas down with it. some casinos stand half built. unemployment is over 10%. and while steve wynn has had to slash employees' pay and lower room prices, he plows...
211
211
Dec 5, 2012
12/12
by
CNBC
tv
eye 211
favorite 0
quote 0
. >>> an environment where everyone is still terrified about the potential impact of the fiscal cliff, i want to give you stocks that you can fall back on in a declining market. many strong companies, high yields. let me introduce you to weingarten, a company i've liked since '85. owns shopping centers all over the u.s. 301 income-producing properties and 11 more in various stages of development. they have a yield, doesn't have a lot of leverage. company recently sold off the portfolio of industrial assets to become a pure play on retail, and 70% of the rent it collects comes from tenants that are effectively internet resistant. they say it in their own papers. meaning they're immunized against online competition. things like supermarkets, restaurants, personal care supervisors. 93.6% occupancy rate up 200 basis points year-over-year. very bullish guidance. let's check in with drew alexander, the president and ceo of weingarten reality investors. how are you? >> pleasure. great to be here. >> now, we obviously are all very focused on the notion that washington could get us back into a
. >>> an environment where everyone is still terrified about the potential impact of the fiscal cliff, i want to give you stocks that you can fall back on in a declining market. many strong companies, high yields. let me introduce you to weingarten, a company i've liked since '85. owns shopping centers all over the u.s. 301 income-producing properties and 11 more in various stages of development. they have a yield, doesn't have a lot of leverage. company recently sold off the portfolio...
324
324
Dec 3, 2012
12/12
by
CNBC
tv
eye 324
favorite 0
quote 1
i think next year you'll be in a low growth environment again and really if you look at the economy, we're probably going back to the '90 style economy where you had 3%, 3.5% was really good growth. 2% growth which we're experiencing right now is pretty good. full employment might be 5.5, 6% like the old days. and i think with that being said, we've got to to get a little bit closer to those numbers to really have the economy start to take off. and i don't think we're that far in there. >> any much those numbers we would take. i don't know whether we are or not. wishful thinking for cantor. certainly would help you guys. why didn't you like fighting irish? >> they were on tv every week when i was a child and i'd like to see alabama win. >> alabama won last year. >> that's okay. all right. thank you. see you later. >>> in fact in some of the squawk sports news this morning, dallas beating philadelphia in sunday night nfl game. 38-33. tony romo threw three touchdown passes to break troy aikman's career franchise record. and the jets beat the cardinals 7-6. new york scoring the lone tou
i think next year you'll be in a low growth environment again and really if you look at the economy, we're probably going back to the '90 style economy where you had 3%, 3.5% was really good growth. 2% growth which we're experiencing right now is pretty good. full employment might be 5.5, 6% like the old days. and i think with that being said, we've got to to get a little bit closer to those numbers to really have the economy start to take off. and i don't think we're that far in there....
178
178
Dec 4, 2012
12/12
by
CNBC
tv
eye 178
favorite 0
quote 0
why is it, does it have to do with valuations or the political environment we find ourselves in now? >> it has to do valuations. we look stock by stock and love our companies but their prices are just reasonable and we prefer cheap. >> you prefer a lot of cash, correct? >> we have cash of 25 to 35% in our various stock funds. again that's a function of valuation. we would love to see investing public get scared about something and allow us to buy more of our stocks down 10 to 15% where they are today. >> you are looking at opportunity 15% below where we are now in the market. what kind of properties are you looking at and stocks are you looking at at this point? what makes a good stock for you, other than value? is it cash generation? is it niche plays? how do you pick the components of the portfolio? >> companies that generate more cash than they need to operate in the business. and management that we really trust to redeploy that cash well. that can be a bank stock like wells fargo, cab pharmaceutical stock like valiant. can be john malone's liberty companies we own three of four o
why is it, does it have to do with valuations or the political environment we find ourselves in now? >> it has to do valuations. we look stock by stock and love our companies but their prices are just reasonable and we prefer cheap. >> you prefer a lot of cash, correct? >> we have cash of 25 to 35% in our various stock funds. again that's a function of valuation. we would love to see investing public get scared about something and allow us to buy more of our stocks down 10 to...
97
97
Dec 6, 2012
12/12
by
CNBC
tv
eye 97
favorite 0
quote 0
and even though you're a long-term investor, at some point, you may look at the macro environment and say it's time to reduce some positions, at what point do you reach that tipping point? >> that's a great point. i'd be very sproized if two months resulted in an unemployment increase from 8% to 10%. i find that hard to reconcile. if we go over the fiscal cliff and there's no deal for the course of the year, we will absolutely be in another recession, no question about that. but going over the cliff for a month, it will hurt confidence, it will keep businesses on the sidelines, investors on the sidelines. it will hurt the economy. it's not a good thing, don't get me wrong. but going from 8% to 11% for one or two months fiscal cliff, that sounds extreme. i think if there's absolute gridlock in washington -- and right now washington seems to be on another planet. all of us in the markets, people at home, people in the country want republicans and democrats to work together. everyone seems to want that except for republicans and democrats. if they really are as far apart as they seem at
and even though you're a long-term investor, at some point, you may look at the macro environment and say it's time to reduce some positions, at what point do you reach that tipping point? >> that's a great point. i'd be very sproized if two months resulted in an unemployment increase from 8% to 10%. i find that hard to reconcile. if we go over the fiscal cliff and there's no deal for the course of the year, we will absolutely be in another recession, no question about that. but going...
50
50
Dec 4, 2012
12/12
by
CNBC
tv
eye 50
favorite 0
quote 0
i think it's the asset that looks most bond friendly in a bond friendly environment and on a pullback i will go back to full share size. >> these companies are in our top three trades. gold breaks below a key technical level. we're going to go to the pits to find out if it's a sign of even more selling to come. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopp
i think it's the asset that looks most bond friendly in a bond friendly environment and on a pullback i will go back to full share size. >> these companies are in our top three trades. gold breaks below a key technical level. we're going to go to the pits to find out if it's a sign of even more selling to come. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we...
248
248
Dec 4, 2012
12/12
by
CNBC
tv
eye 248
favorite 0
quote 1
they are building and acquiring land in this low interest rate environment which bodes well for this upswing in momentum. the question as you mentioned at what point do comparisons get so tough. first quarter 2012 was first quarter where they started to see the upswing. 45% increase in signed contracts. we're lapping that now. can we beat increases as we move on? >> it could be tough. to the extent that we're building, any momentum at the bottom here, we're still building off a small base as you know. so you could have significant growth for some time. >> everything that goes into a house. a lot of spending goes into a house. >> definitely. cramer has stocks on his list that are worthy of your attention. what does he think about them? his mad dash is coming up next. later, shares of gamestop surging from summer lows hoping to score big this holiday season. we'll talk with the ceo. let's take another look at futures as we head into this tuesday morning session. we're looking about flat. more "squawk on the street" straight ahead. this is america. we don't let frequent heartburn come b
they are building and acquiring land in this low interest rate environment which bodes well for this upswing in momentum. the question as you mentioned at what point do comparisons get so tough. first quarter 2012 was first quarter where they started to see the upswing. 45% increase in signed contracts. we're lapping that now. can we beat increases as we move on? >> it could be tough. to the extent that we're building, any momentum at the bottom here, we're still building off a small base...
93
93
Dec 4, 2012
12/12
by
CNBC
tv
eye 93
favorite 0
quote 1
so we think the united states is in a 1 to 2% growth environment going forward and investors should be used to. >> this >> is this whole thing a kabuki dance? you look at debt, the numbers going out, we are talking about, both parties are guilty of one thing, say they want to cut and cut that frnlts basically, the government has been running in balance. we are bringing in 15% of gdp. speaking one for one, that subjects that revenue should come down to 20 or 19. there should be a one for one give and take going forward between republicans and democrats. >> if you think we are headed for a difficult time, you know, as you say due to structural economic headwind, when and how do we pull out of it? >> with difficulty. i think policy you whether monetary policy or fiscal policy has to be directed toward -- toward growth. yes, that's mantra from both republican and democratic sides but basically, growth challenged, taken our growth from us in terms of job creation, we need to have policies that fight back, that either devalue the dollar relative to competition so our exports and manufacturin
so we think the united states is in a 1 to 2% growth environment going forward and investors should be used to. >> this >> is this whole thing a kabuki dance? you look at debt, the numbers going out, we are talking about, both parties are guilty of one thing, say they want to cut and cut that frnlts basically, the government has been running in balance. we are bringing in 15% of gdp. speaking one for one, that subjects that revenue should come down to 20 or 19. there should be a one...
165
165
Dec 4, 2012
12/12
by
CNBC
tv
eye 165
favorite 0
quote 0
why not get regular income from your investments as you search for some return in this low-rate environment. this is a deepening vicious cycle. the white house and congress have not given us a fiscal policy as the economy bumps along the bottom now for four years and counting. so the federal reserve saves the day. we finally get some fiscal policy by going over the fiscal cliff even if it is considered bad policy. for some taxes on divs we could see those taxes soar to 44%. companies wait to disperse this year. some companies are borrowing money just to pay out the dividend before the new year so they can get their investors to get the 15% dividend tax. is this the kind of corporate financial responsibility we want? borrowing money just to give it away? who wants a dividend that a company cannot afford or if it can afford it it chooses to borrow the tax. this is just an observation on how one bad policy can act as a domino effect. bad policy begets bad policy. it is another reason why america is pleading with washington to get a deal done on the fiscal cliff. stop taunting one another with
why not get regular income from your investments as you search for some return in this low-rate environment. this is a deepening vicious cycle. the white house and congress have not given us a fiscal policy as the economy bumps along the bottom now for four years and counting. so the federal reserve saves the day. we finally get some fiscal policy by going over the fiscal cliff even if it is considered bad policy. for some taxes on divs we could see those taxes soar to 44%. companies wait to...
46
46
Dec 6, 2012
12/12
by
CNBC
tv
eye 46
favorite 0
quote 0
the point is if you're in a low return environment, you can ratchet up performance in a higher quartile, the other thing is it's not just hedge funds. they're the whipping boy. it's long only funds, they want to get that morningstar fifth star. on the other side of it, i used to know a guy when he ran a hedge fund he would sell into the markup and buy it back the next day which is great if you're not a taxable fund because he knew it was a hark wrup so this story is as old as lincoln getting shot at ford theater. i don't think there's anything here, it's very difficult to prove. >> of all of the street's top strategists, tom lee could nail the number on where the s&p will close out 2012. his prediction of 14,030 is looking better by the day. tom welcome, good to see you again. >> thanks. >> how does that factor in? i don't know if you heard geithner on our air yesterday with steve liesman but sounded like a guy prepared to go cliff diving. >> i did hear that and you know, that's not very constructive talk because at the end of the day, you know, if we have a recession, the depth of that
the point is if you're in a low return environment, you can ratchet up performance in a higher quartile, the other thing is it's not just hedge funds. they're the whipping boy. it's long only funds, they want to get that morningstar fifth star. on the other side of it, i used to know a guy when he ran a hedge fund he would sell into the markup and buy it back the next day which is great if you're not a taxable fund because he knew it was a hark wrup so this story is as old as lincoln getting...
83
83
Dec 7, 2012
12/12
by
CNBC
tv
eye 83
favorite 0
quote 0
texas in just a few minutes but steve, if i could start with you, talk to us about the entrepreneurial environment right now in america. we hear two things. one, we hear that when the economy is not doing all that well, it's the best time ever to try and start something new. and then on the other hand, we hear that a lot of what's going on in america is keeping entrepreneurs from starting those new ventures. >> well, some of that is true. start-ups are down in the last five years. about 23%. but it is worth remembering that we started as a start-up. this company was a start-up in the last couple years, the reason we're the leading economy is because of the entrepreneurs building start-ups that have really powered our economy. we really need to as a nation double down on entrepreneurship. some of that is what needs to happen in washington, the jobs act that passed six months ago, the broad bipartisan support dealt with crowd funding and on-ramp for ipos. start-up app 2.0 introduces with bipartisan support. there's a role for washington but there's also a role for the private sector particularly ent
texas in just a few minutes but steve, if i could start with you, talk to us about the entrepreneurial environment right now in america. we hear two things. one, we hear that when the economy is not doing all that well, it's the best time ever to try and start something new. and then on the other hand, we hear that a lot of what's going on in america is keeping entrepreneurs from starting those new ventures. >> well, some of that is true. start-ups are down in the last five years. about...
286
286
Dec 10, 2012
12/12
by
CNBC
tv
eye 286
favorite 0
quote 1
challenging environment for priceline even though it says the shares are still attractively values. road map is going to go like this. fiscal cliff face-off coming to an end. the president and the speaker holding a meeting at the white house this weekend. we are live in washington with the latest. what it all could mean for the che. whether or not we go over the cliff could have a major impact on the markets in 2013. barclays coming out with its outlook. we'll talk to their first strategist. weeks away from christmas but today is the busiest day actually i think in corporate history for fedex. millions of deliveries being processed. we'll take you live to a fedex center as millions of dollars, nothing to laugh about. we'll introduce you to the entrepreneur who has managed to make big money making people laugh with his company cheeseburger. that's coming up later this hour. we'll start in washington. president obama, speaker boehner met face-to-face over the weekend to talk some fiscal cliff. our john harwood is live at the white house with more on that. john, good morning. >> good m
challenging environment for priceline even though it says the shares are still attractively values. road map is going to go like this. fiscal cliff face-off coming to an end. the president and the speaker holding a meeting at the white house this weekend. we are live in washington with the latest. what it all could mean for the che. whether or not we go over the cliff could have a major impact on the markets in 2013. barclays coming out with its outlook. we'll talk to their first strategist....
266
266
Dec 7, 2012
12/12
by
CNBC
tv
eye 266
favorite 0
quote 0
in that environment you would see modest upward pressure on yields. now, is it possible that you would get more upward pressure on yields. possible. you're starting from a very low level. if the economy were to accelerate more sharply. if we were to get a more expansionary fiscal year. if the payroll tax cut was extended i don't expect that but if that were to happen, that probably would put more awkward pressure on longer term yields. >> setting up next week, fed meeting, an event or not? >> i think it's pretty clear what we're going to see in at least the broad outline. i would expect continued pace of asset purchases at $85 billion a month. that is widely expected. i think for good reason. i think that there are some questions about the details, of course, what are mature ranges going to be and things like that. you'll always have those kind of questions so there's uncertainty there. i don't think we're going to see a lot of new innovation beyond that sort of extension of the $85 billion pace of purchases. >> good to see you. thanks. >>> still ahea
in that environment you would see modest upward pressure on yields. now, is it possible that you would get more upward pressure on yields. possible. you're starting from a very low level. if the economy were to accelerate more sharply. if we were to get a more expansionary fiscal year. if the payroll tax cut was extended i don't expect that but if that were to happen, that probably would put more awkward pressure on longer term yields. >> setting up next week, fed meeting, an event or...
325
325
Dec 6, 2012
12/12
by
CNBC
tv
eye 325
favorite 0
quote 1
still a difficult operating environment. under the former chancellor's plan, we would have been borrowing less in the next three years. because the government has failed to get our economy growing and because the policies have pushed us into recent double dip recession, they'll be pr rowing 212 billion pounds more than they planned. put that in context, that is the equivalent of what we in the uk will be spending this financial year on health, transport and defense in aggregate. >> you were talking quite rightly about the low level of he have credit growth in the uk, which has obviously been a feature of this period. but there's a question of what's cause and what's effect there. the banks will tell you that that problem is not so much availability of credit, there's credit demand and even in the mortgage sector which under normal circumstances you might have been eager to see people borrow money. we're seeing net repayments for the first time for a very, very long time. so you can take the economy to water, but you can't ma
still a difficult operating environment. under the former chancellor's plan, we would have been borrowing less in the next three years. because the government has failed to get our economy growing and because the policies have pushed us into recent double dip recession, they'll be pr rowing 212 billion pounds more than they planned. put that in context, that is the equivalent of what we in the uk will be spending this financial year on health, transport and defense in aggregate. >> you...
142
142
Dec 5, 2012
12/12
by
CNBC
tv
eye 142
favorite 0
quote 0
. >> in two minutes we have left, let's talk about the current environment. what are you hearing from a lot of the senior executives that are asking for your advice or if you're in a board room or chatting with them especially in terms of the fiscal cliff and concern about making big decisions or lack thereof and not putting money at it. >> the interesting part is talk about the fiscal cliff is the talk about the talk about the fiscal cliff. i don't think people are as concerned as the level of chatter that goes around. i think the chatter is more than the concern. the fiscal cliff just happens to be a preset deal on a scale of one to ten. it's a deal that is possible as outcome. i think what the country should hope for is that we come up with a better deal. business wants the rules. i understand why business is very much do a deal. do a something. because a business then can make their plans around that. if a marginal tax rate goes up too high here, they'll put a plant somewhere else. you can make those decisions. they want to know the rules. >> know the rul
. >> in two minutes we have left, let's talk about the current environment. what are you hearing from a lot of the senior executives that are asking for your advice or if you're in a board room or chatting with them especially in terms of the fiscal cliff and concern about making big decisions or lack thereof and not putting money at it. >> the interesting part is talk about the fiscal cliff is the talk about the talk about the fiscal cliff. i don't think people are as concerned as...
223
223
Dec 3, 2012
12/12
by
CNBC
tv
eye 223
favorite 0
quote 0
in this low interest rate environment, this is the other big ticket item. >> how are people going to fund their purchases? you have an 11-year-old car, how are they funding the replacement of it? >> well, the availability of credit has improved dramatically over the last eight months or so. and we're even seeing people with bumps in their credit history, subprime borrowers, getting more acceptances of their car loans. and of course there are a lot of incentivized interest rates from the manufacturer's financing arms out there, as well. the overall softness in the european market and with japan in recession, we think we'll see likely more incentives from manufacture are ers for customer the coming months because they have capacity they're not using for those other market. so they will be targeting this u.s. market and the consumer is in a pretty good mood. part of that we believe is the stabilization of home prices which is the basic net egg for most middle class americans. >> it would seem whatever's going on where you are in washington not having an impact. why do you think that is?
in this low interest rate environment, this is the other big ticket item. >> how are people going to fund their purchases? you have an 11-year-old car, how are they funding the replacement of it? >> well, the availability of credit has improved dramatically over the last eight months or so. and we're even seeing people with bumps in their credit history, subprime borrowers, getting more acceptances of their car loans. and of course there are a lot of incentivized interest rates from...
167
167
Dec 6, 2012
12/12
by
CNBC
tv
eye 167
favorite 0
quote 0
we are smith travel, if you look at those numbers, it's a very positive environment. the fiscal cliff will affect people when employment gets affected. this is a real issue. if you see something occurring with employment, we're sensitive, we're monitoring, we represent the folks that are going to be most affected if they don't do their job in washington. we're obviously concerned about it. if they deal with it, which we think they will. we think that next year should be pretty positive. >> meanwhile big party tonight? >> big party tonight, big party last night. >> that's what the city's all about. >> we'll be opening white plains in may, it will be a little warmer than it was up there last night. it's very exciting to see those hotels get done. 1,000 jobs for the city. >> you see at the bottom of your screen, nat gas inventory. >> listen natural gas prices are extending their gains from yet, after that 4% rally that we saw. we're looking at resistance perhaps around the 4.75 level. we saw a natural gas level that was certainly not what analysts were expectings. 65 bil
we are smith travel, if you look at those numbers, it's a very positive environment. the fiscal cliff will affect people when employment gets affected. this is a real issue. if you see something occurring with employment, we're sensitive, we're monitoring, we represent the folks that are going to be most affected if they don't do their job in washington. we're obviously concerned about it. if they deal with it, which we think they will. we think that next year should be pretty positive....
151
151
Dec 5, 2012
12/12
by
CNBC
tv
eye 151
favorite 0
quote 0
. >> you know what, i think the environment, as you look out to next year, is really difficult, ross. i mean, you don't really know what is going to come out of the u.s. fiscal cliff, how damaging potentially that can be to u.s. confidence, u.s. activity. things seem to be holding up fairly well in china. but i think there is still going to be some concerns about the whole performance of the asian economy and whether that can actually pick up next year. and then, of course, in the eurozone itself, we seem to be mending the problems progressively and taking out the tail risks, which i think is good and that is the bottom line that investors should take going further forward, but at the same time, there are some elements that you can have. if you do a forecast, in a way you could come up with something like 1% quotes for next year, but at the same time, you have to be conscious that we've had such a battery of downside impact, downside negative news coming through really for all economists in the western world in the last few years. you have to be very cognizant of those. >> i think so.
. >> you know what, i think the environment, as you look out to next year, is really difficult, ross. i mean, you don't really know what is going to come out of the u.s. fiscal cliff, how damaging potentially that can be to u.s. confidence, u.s. activity. things seem to be holding up fairly well in china. but i think there is still going to be some concerns about the whole performance of the asian economy and whether that can actually pick up next year. and then, of course, in the...
270
270
Dec 10, 2012
12/12
by
CNBC
tv
eye 270
favorite 0
quote 1
., what they want to see is a stable environment to put that money to work. if we can get that capital into the u.s. that will be a stimulus program by itself. >> frits, we pending on how you look at the numbers there are peel who say these two proposals aren't that far off. if you look at the numbers on each side and maybe try to find some common ground in the middle, maybe get to $1.2 trillion, where do you go on spending cuts is the big question because that seems to be a little easier. do you think this needs to be a three to one when it comes to revenue versus revenue increase or three to one when it comes to spending cuts versus revenue increases? do you see one to one, what would make you feel good looking around the globe and looking at what -- >> i'm not a tax expert so i can't give you a precise ratio. what we need to do is see a program where, if you look at reasonable numbers, you could see that the debt-to-gdp ratio comes down over time. as we go from $16 trillion, as we cross that 100% mark, we start looking more and more like countries in europ
., what they want to see is a stable environment to put that money to work. if we can get that capital into the u.s. that will be a stimulus program by itself. >> frits, we pending on how you look at the numbers there are peel who say these two proposals aren't that far off. if you look at the numbers on each side and maybe try to find some common ground in the middle, maybe get to $1.2 trillion, where do you go on spending cuts is the big question because that seems to be a little...
291
291
Dec 6, 2012
12/12
by
CNBC
tv
eye 291
favorite 0
quote 0
. >> is it possible to ever get back to that in this environment? >> it is. you have a lot of problems with the piece. >> do you briyou believe if you rote deficit -- two different ways. you either keep the government that you have and pay for it by raising taxes, or you kind of leave taxes where they are and you shrink government down to where it pays for it. does it matter for the future and for growth which way you do it in your view? >> it does. if you put it all into like a tightening, so how much tightening occurs in the economy that would slow the economy, it's far better to actually reduce government spending than it is to actually raise taxes. >> although that hurts the economy, too. >> everything hurts the economy. so it's a question of which is most -- or least harmful and that tends to be cutting government spending. >> but i do think it's -- >> although tim geithner would disagree with me. >> one side wants to keep the government and entitlements like we have it. and the other side wants to take away all the excess government -- >> i think both s
. >> is it possible to ever get back to that in this environment? >> it is. you have a lot of problems with the piece. >> do you briyou believe if you rote deficit -- two different ways. you either keep the government that you have and pay for it by raising taxes, or you kind of leave taxes where they are and you shrink government down to where it pays for it. does it matter for the future and for growth which way you do it in your view? >> it does. if you put it all...
279
279
Dec 7, 2012
12/12
by
CNBC
tv
eye 279
favorite 0
quote 0
we have an environment where the interest rates are low, so if you reinvest it in a fixed income product, you won't make much return. you'll have capital losses on bonds. i'm very concerned about the low interest rate in the bond market and the long period of time we've had bond yield this is low. and in the stock market, you have to be careful because there could be a sorting out among stocks between high and low dividend stocks and how they perform when these guys go x dividend. >> why couldn't you invest in g chlt and g e or comcast and get a 3% yield there. either one would be a good place.or comcast and get a 3% y there. either one would be a good place. >> wasn't i invested in company x before, didn't i have that money in there and now they're giving it back? >> now you own a larger part of the company. >> no, because -- >> if you reinvest it and they buy more share, you own a larger piece of it. >> it should be equal. they've taken that cash out of the company. the stock price should adjust lower. >> but cash is not the same as the ownership portion. your thought would be if you c
we have an environment where the interest rates are low, so if you reinvest it in a fixed income product, you won't make much return. you'll have capital losses on bonds. i'm very concerned about the low interest rate in the bond market and the long period of time we've had bond yield this is low. and in the stock market, you have to be careful because there could be a sorting out among stocks between high and low dividend stocks and how they perform when these guys go x dividend. >> why...